๐จ Huge: The total crypto market lost nearly 400 billion dollars last month!
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๐ข What's new?
โ The total market capitalization dropped from 3.4 trillion dollars in November to 3.05 trillion dollars today, a loss of ~400 billion
โ Bitcoin leads the crash with a 30% decline from its annual peak, with liquidations reaching 640 million dollars in a single day
โ Ethereum and altcoins dropped by similar percentages, amid BTC dominance of 57%
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๐ก Analysis:
โ The crash is due to tax loss selling, the Fed's concerns about not lowering interest rates, and general market volatility
โ We've entered a "Darwinian" phase where high-leverage companies are being liquidated, as seen in BTC tanks
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โก Why does it matter to you?
โ It increases volatility, threatening leveraged wallets and opening up low buying opportunities
โ It could lead to a recovery in December if the Fed lowers interest rates, but tax pressure continues
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โ Do you think this crash is a buying opportunity or the beginning of a deeper decline?
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